Member Info for madsktpan

Huddleston has been a major surprise. He's appeared to have been a solid & loyal backer of BH for 15+ years. Without selling any LND stock until recent months. Even being a RNS named contributor to a fundraise last year (just before Sprott came on board).

Know I've said this a few times - I still believe we'll wake up one morning to a RNS saying LND has been temporarily suspended. Wishful thinking? Perhaps, but still got to be the most likely outcome for major long-term holders like BH & RP etc.

Evening UR

I've been recovering from surgery for a detached retina in one of my eyes. So keeping my laptop activity to a minimum. And visits to Madame Una's is off the table at the mo. Although I believe the girls are all very happy with the way matters are progressing with LND.

I tend to post when I'm frustrated/critical of a stock I'm invested in - so I offer that feeble excuse for being so active & repetitive with my posts over the years. But now thankfully I'm extremely optimistic this is going to produce me an acceptable return. I'll still be happy with £1 although I know you have set your sights higher. If that sounds a ramp - you know me better than that!!!

Anyway - many thanks for asking - and trust all is well with you in these troubled times.

There has been a longstanding relationship between BH and certain Barrick board members going way back 10-12 years ago.
Barrick did a deal with BH when CEO at PGD.

Price going through the roof. Might interest LTHs of LND with their off-shoot Lamaune Iron Inc certificates.

Just thought I'd mention ;-)

Some posters on here have been patients (or shown loyal patience!!) for past 15 years with LND.

;-)

......... you also sometimes get the feeling a significant volume holder with a low average price bought is deliberately off-loading relatively small but consistent sell trades to bring the price back down to a level to facilitate another significant single buy trade at a basement bargain price.

Many of the recent sell trades surely are being sold for very little profit? If any at all?

Disappointing. But I guess predictable.
Lost about 38% of value since the pumpers recently got on board before dumping.
I really hope there is an end game in sight over next 2-3 months.

Published Ask went up from 20p to 21p within seconds of my purchase this morning.
Needless to say that trade isn't showing here. But it is on ADVFN.

UR - I sometimes look at matters from BH's perspective. Given his advanced age (80) and just how extensive & complicated his involvement is here........... he surely must be wanting a conclusion asap so he can wrap-up his considerable business & investment affairs? And not leave that headache to his loved ones. How much of LND is BH? In fact some might argue BH is LND.

Any buy-out would inevitably involve lengthy due diligence process. 6 months perhaps? There's no reason why current drilling prog through to next March couldn't carry on concurrently with due diligence. But to do that shares would have to be suspended from trading.

Just my thoughts for when current drilling initial results start to surface.

Evening UR

I guess my £1 target is as a minimum that would make me feel all these years holding has been worth it.
I'd happily feel easy with your £1.80 to include everything (gold + nickel + iron ore + lithium). That would give me a nice CGT headache. If I told you how much I am holding back to offset as losses from elsewhere (since 1998) you probably wouldn't believe me. But it's 6 figures!!!

I just have a feeling in my waters that there will be a sudden end game here. Without notice. Without warning.

I haven't been down to Madame Una's massage parlour recently but I'd be surprised if they weren't ****-a-hoop with LND.

I agree with you ;-)
There is every likelihood that a serious & credible buyer is in the wings. And I'd be gobsmacked if Sprott wasn't aware of that. And any potential buyer will know what is realistically expected from the current drilling programme. I wouldn't bet against when it becomes clear that the drilling is producing the expected results a buyer will table an offer. Expect the unexpected. It's not imho going to be a simple case of all the results being published and then a takeover comes about.

As you say - there is a substantial amount of Nickel. Almost near production level with a fair projected margin at today's price. Assuming the figures BH announced way back in 2012 still stand ie the estimated operation + refining + transportation + smelting costs to be circa $12,000 per tonne.

And there's still all that iron ore (currently at 5 year high) located at Lamaune.

My target price is £1. Love to know if that would break even for BH? Got to be a close call?

A serious offer on the table over the next period of time would of course take into account the current drilling being a success and any serious offer would reflect this.

Otherwise BH would dismiss out of hand.

someone will soon table an offer.
And we'll wake up one morning to a RNS stating that shares are temporarily suspended from trading.

BTW - 2.75p is 55p today.

I think when BAM discovery was first sort of generally made known and I thought LND was on its knees and couldn't go much lower. June 2014. Price then? 2.75p. FFS.

to sell in old money pre consolidation.

Bit of a nonsense. But all too typical of AIM stock.

Good of the House Broker to wake up. If they can't be bullish then I don't know who can.

Personally I far preferred Dr Green's Align target price of 81.38p

UR - my very limited understanding is 'significant' has to be something 'material' when it comes to be a RNS requirement. With day-to-day operations with the likes of a company like LND that'd be drill results showing bonanza grades being discovered. OR alternatively significant in terms of reasonable quantity of positive drill results being outstanding over a period of time. You'd think AIM rules shouldn't be subject to how good companies are at keeping things secret & to themselves??!!

Having been here with this stock for over 15 years, the thing for me that makes a mockery of the whole way it works in practice as opposed to theory.......... is how many times do you see share prices actually drop when a positive drill result RNS is published? With LND that figure has got to be as high as 90%. And that's being conservative. Complete frustrating farce. The only thing that seems to help LND's share price (over many years) is when there's loads of rampers appear on various BBs with schoolboy nonsense. That's great for the share price but only for a short-term period. 10 buys and the MMs move the price up. 2 sells and they move it down. Get a major seller and it's disaster.

Sorry - no views from me UR on that matter you mention. Not qualified enough.

Regarding any timescale - I would have thought if LND were sitting on any significant drill results that could reasonably be viewed to have a material effect on the share price then they have an obligation under AIM rules & regs to publish those results immediately. They have in the past always released drill results in a 'piecemeal' fashion. I'd be disappointed not to get some drill results before Xmas.

There will be SOME drill results LONG before March imo.